FIVE HUNDRED law firms have now signed up to a new “after-the-event” legal costs scheme. Among firms which have now joined LawAssist, which is run by Greystoke Legal Services, are Herbert Smith and Pannone & Partners.
LawAssist, launched at the beginning of the year, is the only scheme which offers individuals cover after an actionable event has taken place.
Applications are made through solicitors and acceptance is discretionary, although the company says around 75 per cent of cases are accepted.
Bob Gordon, of Greystoke Legal Services, said new lower charges had been introduced to meet a demand for lower cover than originally envisaged.
The scheme started by offering cover of up to £6,000 on payment of £350. Now additional rates of £250 and £300 have been introduced which provide a maximum cover of £2,000 and £4,000 respectively.